49. Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee

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49. Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee

(6-Currency Trade Based Weights)
Year/Month/Day			Base: 1993-94 (April-March) =100		Base: 2007-08 (April-March) =100
Year/Month/Day			NEER	REER	NEER	REER
1993-94			100.00	100.00	133.82	87.58
1994-95			96.96	105.82	129.69	92.63
1995-96			88.56	101.27	118.46	88.65
1996-97			86.85	101.11	116.17	88.51
1997-98			87.94	104.41	117.63	91.40
1998-99			77.49	96.14	103.65	84.16
1999-00			77.16	97.69	103.21	85.51
2000-01			77.43	102.82	103.57	90.01
2001-02			76.04	102.71	101.72	89.91
2002-03			71.27	97.68	95.33	85.51
2003-04			69.97	99.17	93.59	86.81
2004-05			69.58	101.78	93.07	89.10
2005-06			72.28	107.30	96.69	93.93
2006-07			69.49	105.57	92.96	92.41
2007-08			74.76	114.23	100.00	100.00
2008-09 (P)			64.87	104.47	86.78	91.45
2007-08	April		73.33	111.87	98.09	97.93
	May		75.79	116.00	101.38	101.55
	June		75.95	115.38	101.59	101.01
	July		75.75	115.20	101.33	100.85
	August		75.03	114.20	100.36	99.97
	September		75.24	115.18	100.64	100.83
	October		76.08	115.98	101.76	101.53
	November		74.97	114.11	100.29	99.89
	December		75.25	114.72	100.66	100.42
	January		74.88	114.25	100.16	100.01
	February		73.96	113.03	98.93	98.95
	March		70.94	110.98	94.89	97.15
2008-09 (P)	April		71.18	112.23	95.21	98.25
	May		67.98	108.34	90.94	94.84
	June		66.85	108.22	89.42	94.74
	July		66.30	107.91	88.69	94.46
	August		67.64	111.20	90.48	97.34
	September		64.81	106.96	86.70	93.63
	October		62.34	102.09	83.38	89.37
	November		63.25	102.45	84.61	89.68
	December		62.35	99.93	83.40	87.47
	January		62.49	99.23	83.59	86.86
	February		62.97	99.43	84.23	87.04
	March		60.35	95.68	80.73	83.76
2009-10 (P)	April		61.49	98.58	82.25	86.30
	May		62.31	101.37	83.35	88.74
	June		62.43	101.11	83.51	88.51
	July (P)		61.36	100.64	82.08	88.10
	August (P)		61.22	101.52	81.90	88.87
	September (P)		60.61	101.25	81.08	88.63
	October (P)		62.40	103.97	83.47	91.01
	November (P)		62.30	105.81	83.34	92.63
	December (P)		62.79	106.26	83.99	93.02
	January (P)		64.30	108.86	86.01	95.29
	As on
	January 29,	2010 (P)	64.20	108.69	85.87	95.14
	February 5,	2010 (P)	64.43	109.09	86.19	95.49
	February 11,	2010 (P)	64.50	109.19	86.27	95.59
	February 19,	2010 (P)	65.13	110.26	87.12	96.52
Notes : 1. Rise in indices indicate appreciation of rupee and vice versa. 2. For “Note on Methodology” on the indices presented here, please see December 2005 issue of this Bulletin. 3. Base year 2007-08 is a moving one, which gets updated every year.